The unconventional measures make it clear there's no underlying inflation showing up in the data yet -- all the action is in "flexible" prices like energy and commodities.
US Unconventional CPI
US Unconventional CPI
Wednesday, February 10, 2021
The unconventional measures show sticky prices being sticky, and flexible prices starting to really move up.
US Unconventional CPI
Wednesday, January 13, 2021
Sluggish unconventional measures confirm that December was the weakest month of Q4-2020.
US Unconventional CPI
Thursday, December 10, 2020
These alternate measures confirm the headline numbers -- reflation has stalled out in November.
US Unconventional CPI
Thursday, November 12, 2020
It's unanimous. The unconventional indicators say the same thing as the conventional ones -- the post-lockdown reflation is stalled.
US Unconventional CPI
Tuesday, October 13, 2020
Some of the unconventional indices suggest the Fed may not have revived inflation as much as we thought.
US Unconventional CPI
Friday, September 11, 2020
Most of the alternate gauges show the Fed has done an even better job than we thought at forestalling deflation. Time will tell -- too good a job?
US Unconventional CPI
Wednesday, August 12, 2020
Any unconventional measure that has been updated for July will tell you the same thing: we had a depression, but not a deflation.
US Unconventional CPI
Tuesday, July 14, 2020
More than ever, you can pick from among the diverse universe of alternate inflation measures to tell whatever story you wanted to tell before you looked at the data!
US Unconventional CPI
Wednesday, June 10, 2020
Further evidence that we've seen the worst, and that deflation is decelerating.